Category Archives: Foreclosures
FHA Gets Serious About Dealing With Foreclosures
Most home buyers don’t know what many investor buyers have faced for years: the requirement from FHA that a house be “held” by an investor for 90 days before being resold. For an investor who wants to buy a foreclosed property, fix it, then resell it or “flip” it, this requirement adds thousands of dollars [...]
Real Hope for Underwater Homeowners
Business Week reports that lenders are sometimes reducing the principal of a mortgage when doing a loan modification.
Asking for Loan Modification May Not Always Be a Good Idea
Loan modifications may not be a good idea for people with equity in their homes.
Short-sale or Foreclosure?
I saw a sign once that read as follows: “If you have to eat a live toad, don’t look at it too long. If you have to eat several live toads, eat the biggest one first.” I think this may be a good way to look at short sales verses foreclosure when it comes to [...]